Boric Acid Prices, Trends & Forecasts | Provided by Procurement Resource

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In the first half of 2023, Boric Acid prices exhibited different trends in various regions. In Asia, prices declined by 8% due to reduced downstream demands. Europe experienced fluctuating patterns, initially rising due to supply chain disruptions but later stabilizing as supplies improved. North America saw oscillating prices, rising initially because of supply curtailments but declining afterward due to weak demands from downstream industries. Supply-demand dynamics played a crucial role in shaping the price trends in each region during this period.

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Definition

Boric acid is a white, crystalline chemical compound with the formula H3BO3. It is derived from boron minerals and has various applications across different industries. Commonly used as an antiseptic, insecticide, flame retardant, and in nuclear power plants as a neutron absorber, boric acid also finds use in the production of ceramics, glass, and detergents. Moreover, it serves as a buffering agent, pH adjuster, and preservative in numerous products, including cosmetics, pharmaceuticals, and food. Due to its versatile properties, boric acid plays a significant role in both industrial and consumer applications.

Key Details About the Boric Acid Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Boric Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Boric Acid Price chart, including India Boric Acid price, USA Boric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Boric Acid Price Trend:

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Boric acid finds crucial industrial applications as an antiseptic and insecticide, playing a role in maintaining hygiene and pest control. Its flame-retardant properties are employed in various products for fire safety. In nuclear power plants, boric acid acts as a neutron absorber. Additionally, it is used in ceramics and glass production, detergents, and serves as a buffering agent and pH adjuster in cosmetics, pharmaceuticals, and food products, contributing significantly to different industrial sectors.

Key Players:

  • BASF
  • Eti Maden
  • 3M

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